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  • #1,301
  • Nov 19, 2010 4:38am Nov 19, 2010 4:38am
According to my friend the volatility starts after their lunch period which incidentally is the the starting period of the DAX & FTSE

Makes perfect sense the international Fx flows from the Asian mkt into the European mkt and then later in US mkt and the cycle repeats...


Waltzing with bears now:
S x 1 @3708
S x 1 @3696
S x 3 @3686
"Thinking Heart & Feeling Brain"
  • #1,302
  • Nov 19, 2010 4:41am Nov 19, 2010 4:41am
Quoting 1234
Hi Eddie, looks like Niels is the only one to make money today. I got into trouble around the 1.3650 area. After yesterday's loss I did not want to make things worst with a bad rescue so I pulled the plug when down $300 Its Friday and can move quickly in any direction and my timing is out, so I going to have a good break. I am even thinking not to trade for the early part of next week to get out of this losing cycle. All the best to the both of you if you are going to trade the NY session. Ray

Hi Ray,

sad to hear about your loss again.
And I think it was a good decision to quit for the week and take some time off.
For now you are not confident in your skills anymore.
What about trading monday and tuesday on demo or at least with very small positions (1,1,1 Attck and 1 3 8 rescue) on real money?
You need to have some success now to get your confidence back.

From my personal experience it is very supportive to trade very relaxed with small sizes only. I enter the market only, when direction is clear. and I take the scout out when a retrace occurs racer than sclaing in an attack. Slow steps with small money.

Not sure, but either you are trading a to large scout (I take smallest size that is possible with my broker). Or you have got caught in an attack and have missed the point (mental wise) to reduce exposure and realign again.
Cause I'm wondering about your $300 loss ...
It is easier to keep a proper mindset, when reducing exposure and handle a small scout loss only, than to manage that big exposure and the resulting much more big rescue sizes. Basically FTI'S MO tries to attack strong impulses with the trend. The profits are generated from the attacks. So it is more easy to skew good attacks, when the loss is already taken ...

Sorry, I may sound like a "smart-ass".
Please do not feel offendet in any way.
Just give a hint, when I should stop giving my opinion to you ....

Cu,
Niels
  • #1,303
  • Nov 19, 2010 4:43am Nov 19, 2010 4:43am
Quoting Sylar
According to my friend the volatility starts after their lunch period which incidentally is the the starting period of the DAX & FTSE

Makes perfect sense the international Fx flows from the Asian mkt into the European mkt and then later in US mkt and the cycle repeats...


Waltzing with bears now:
S x 1 @3708
S x 1 @3696
S x 3 @3686
Funny - you are short too...
Maybe we are all dancing on the wrong side the whole day.
But who should know that before hand ...
  • #1,304
  • Nov 19, 2010 4:58am Nov 19, 2010 4:58am
BTW: Attacking short now. My little morning scout was still in.
Let's see if we have seen a top now ...
Gold is falling,
DOW is falling,
Oil is falling,
M1,M5,M15 looking down now.
H1 and H4 may change too.

So still nimble but confidence is growing ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-19_eu-M5-02.JPG Size: 78 KB
  • #1,305
  • Nov 19, 2010 5:07am Nov 19, 2010 5:07am
Close 3 x 3675 - 11 pips

2 units still in

@ 3708
@ 3696
"Thinking Heart & Feeling Brain"
  • #1,306
  • Nov 19, 2010 5:09am Nov 19, 2010 5:09am
By the way:

When you are in trouble and in a deep rescue I would advice to set a TP target at BE. So you can take advantage from such a spike move, like that one after PBOC rate hike. It just shifts the odds to survive in your direction ...

CU,
MaMood
  • #1,307
  • Nov 19, 2010 5:28am Nov 19, 2010 5:28am
Attention!
Close before Decision: Retrace or break down ?
  • #1,308
  • Nov 19, 2010 5:30am Nov 19, 2010 5:30am
Quoting Sylar
Close 3 x 3675 - 11 pips

2 units still in

@ 3708
@ 3696

Another soldier back to camp

B x 1 @ 3675 - 20 pips

Only scout still in

Waiting for the next opportune attack i.e. break down the support @ 3670
"Thinking Heart & Feeling Brain"
  • #1,309
  • Nov 19, 2010 5:49am Nov 19, 2010 5:49am
Pennant developing... Breakout soon... Qns is which way is it going...

Moving scout to BE
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 66 KB
"Thinking Heart & Feeling Brain"
  • #1,310
  • Nov 19, 2010 5:51am Nov 19, 2010 5:51am
Quoting Sylar
Pennant developing... Breakout soon... Qns is which way is it going...

Moving scout to BE

Down
  • #1,311
  • Edited 6:10am Nov 19, 2010 5:58am | Edited 6:10am
Here we are.
Was waiting for a long time now.
Have made some attacks.
Finally was scalping vola ...

Squarred now. Maybe for the day ...

.
Attached Image
  • #1,312
  • Nov 19, 2010 6:09am Nov 19, 2010 6:09am
Done on a 500EUR account again.
My resume so far:
The main skill to survive the markets is patience.
Do not force anything.
Believe in your skills and when time is right,
whack hard ...

.
Attached File(s)
File Type: pdf 2010-11-19-01.pdf   19 KB | 603 downloads
  • #1,313
  • Nov 19, 2010 6:16am Nov 19, 2010 6:16am
Nice false breakout

Squared out.

I'm done for the day too.


Well done Niels
"Thinking Heart & Feeling Brain"
  • #1,314
  • Nov 19, 2010 6:28am Nov 19, 2010 6:28am
Quoting Sylar
Nice false breakout

Squared out.

I'm done for the day too.


Well done Niels

Thanx!

Not sure, but there might be some move down again.
Gold, DOW, Oil still in downtrend on M5.
And EU H4 might build a nice outside bar in 32 minutes (well - depends on time zone).

However - I'm not focussed enough to do some more trades now.

Wish you all a great weekend!

CU,
Niels.
  • #1,315
  • Nov 19, 2010 6:56am Nov 19, 2010 6:56am
Yep - here we are again.
Seems it was only a pullback.
Cable seems to go down much more straight atm ...

And here the mentioned H4 outside bar (reversal) after it has finished ..

.
Attached Image
  • #1,316
  • Nov 19, 2010 7:40am Nov 19, 2010 7:40am
Ranging mkt... US mkt closing shortly...

Assignment for the weekend is to re-reading TAF thread

Eddy/Niels

Good trading alongside u guys this week. Rest well and have a blasting weekend.

3 Fx musketeers will be back next wk
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 60 KB
"Thinking Heart & Feeling Brain"
  • #1,317
  • Nov 19, 2010 7:43am Nov 19, 2010 7:43am
Quoting Sylar
Ranging mkt... US mkt closing shortly...

Assignment for the weekend is to re-reading TAF thread

Eddy/Niels

Good trading alongside u guys this week. Rest well and have a blasting weekend.

3 Fx musketeers will be back next wk

Ooops - US market will be open for 6 more hours adn London for one more hour ...

However - have a great weekend at "angles-place"
:-)

Niels

Edit: Awaiting some action soon ...

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-19_EU_Philip-01.JPG Size: 63 KB
  • #1,318
  • Edited Nov 21, 2010 1:11am Nov 20, 2010 10:16pm | Edited Nov 21, 2010 1:11am
good to see you guys (niels & philip) grazing some pips on the weekend - it was me and ray who lost few pips ... gladly not our balls

You have a promising experiment there niels with your 500EU acct...

... and way to go for you philip...

we'll see what's waiting for us this week...

... but for now... i will mow the lawn...

a good weekend to all!!!

edit: mowing done!!
Success consists of going from failure to failure without loss of enthusiam
  • #1,319
  • Nov 21, 2010 10:43am Nov 21, 2010 10:43am
Hi Friends,

I'll not be arround for the next one or two days: Lying in bed with "stomach flu".

Wish you all a great start into the new week.
And don't forget:
Last week is just history!
We are dancing in the here and now!

CU,
Niels
  • #1,320
  • Nov 21, 2010 3:24pm Nov 21, 2010 3:24pm
Quoting MaMood
Hi Friends,

I'll not be arround for the next one or two days: Lying in bed with "stomach flu".

Wish you all a great start into the new week.
And don't forget:
Last week is just history!
We are dancing in the here and now!

CU,
Niels
good morning all!!

wishing for your speedy recovery Niels... get well soon!!!

eyeballing the market...
Success consists of going from failure to failure without loss of enthusiam
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